Zacks Investment Research lowered shares of Bonanza Creek Energy (NYSE:BCEI) from a strong-buy rating to a hold rating in a report issued on Tuesday.

According to Zacks, “Bonanza Creek Energy, Inc. is engaged in the acquisition, exploration and development of onshore oil and natural gas properties in the United States. The Company’s core operating areas are the DJ Basin in Colorado and the Cotton Valley formation in southern Arkansas. Bonanza Creek Energy, Inc. is based in Denver, Colorado. “

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BCEI has been the subject of several other reports. BidaskClub raised Bonanza Creek Energy from a hold rating to a buy rating in a report on Friday, November 3rd. KeyCorp reissued a hold rating on shares of Bonanza Creek Energy in a report on Monday, November 13th. Finally, ValuEngine raised Bonanza Creek Energy from a sell rating to a hold rating in a report on Wednesday, January 3rd. Six analysts have rated the stock with a hold rating, Bonanza Creek Energy presently has an average rating of Hold and a consensus price target of $28.50.

Shares of Bonanza Creek Energy (BCEI) opened at $26.12 on Tuesday. Bonanza Creek Energy has a twelve month low of $23.33 and a twelve month high of $40.60.

Large investors have recently made changes to their positions in the business. Macquarie Group Ltd. bought a new stake in Bonanza Creek Energy during the 3rd quarter worth about $451,000. Mangrove Partners raised its holdings in Bonanza Creek Energy by 35.9% during the 3rd quarter. Mangrove Partners now owns 1,702,500 shares of the oil and gas producer’s stock worth $56,165,000 after purchasing an additional 450,000 shares during the last quarter. TIAA CREF Investment Management LLC bought a new stake in Bonanza Creek Energy during the 2nd quarter worth about $3,308,000. Q Global Advisors LLC raised its holdings in Bonanza Creek Energy by 6.7% during the 3rd quarter. Q Global Advisors LLC now owns 130,533 shares of the oil and gas producer’s stock worth $4,306,000 after purchasing an additional 8,142 shares during the last quarter. Finally, Nationwide Fund Advisors acquired a new position in shares of Bonanza Creek Energy during the 2nd quarter worth about $366,000. 91.17% of the stock is owned by hedge funds and other institutional investors.

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Bonanza Creek Energy Company Profile

Bonanza Creek Energy, Inc (Bonanza Creek) is an independent energy company engaged in the acquisition, exploration, development and production of onshore oil and associated liquids-rich natural gas in the United States. The Company’s oil and liquids-weighted assets are concentrated primarily in the Wattenberg Field in Colorado and the Dorcheat Macedonia Field in southern Arkansas.